Provided a $144 million perm financing for a newly constructed multifamily project in Orange County, CA
Originated and closed two separate affordable housing portfolios, a 12-property portfolio for $217 million in financing, and a four-property portfolio for $86 million in financing
Originated and closed an 18-property portfolio financing totaling more than $681 million in debt. Total time from application to close was 30 days.
Vice chairmen Charlie Haggard and Kevin Mignogna bring more than 50 years of combined experience to the multifamily capital markets space. Since joining Newmark as partners in 2011, have closed approximately $12.9 billion in multifamily financings. They established the Newport Beach office of Newmark’s multifamily capital markets debt and structured finance group with the originations group including managing director Mike Poe and vice president Peter Griesinger. Together, the team fosters extensive client and lender relationships and guarantee direct senior engagement on every financing assignment. The team has a broad range of experience both in the multifamily sector and in other areas of commercial real estate. They have each led large 50-plus person teams, mentoring many people who now hold significant roles in the CRE business.
In 2020 specifically, the duo originated more than $1.8 billion, an impressive feat, notwithstanding the challenges that 2020 and the pandemic brought upon the industry.
Haggard and Mignogna are pre-eminent experts in structuring and closing large complex transactions. While the pandemic made sourcing and closing transactions much more difficult due to most working from home, concerns over collections, eviction moratoriums, etc., completing site inspections and due diligence was also very challenging, particularly during the early months of the pandemic. Despite these difficulties, the team was able to complete site inspections and due diligence on two affordable housing portfolios to ensure closing without disruption. Overall, they were able to assist clients, ensuring access to the capital markets was undeterred.
These are some of the reasons we selected Haggard and Mignogna for inclusion in our first-ever Top Mortgage Brokers and Lenders Awards. These awards recognize industry professionals who have demonstrated the highest standards in commercial real estate finance.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.